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The Apple Vision Pro headsetApple's Vision Pro headset can dynamically run multiple apps in mixed-reality "environments." New models of the Mac Studio and Mac Pro with a new M2 Ultra chipApple's new Mac Studio and Mac Pro computers. AppleApple also announced new editions of its desktop computers, the Mac Studio and Mac Pro. AppleThe new Mac Studio starts at $1,999 while the new Mac Pro starts at $6,999. Apple Mac Pro (2023) The new Mac Pro desktop features Apple’s new M2 Ultra chip.

Persons: Apple, we've Organizations: Apple, Developers Conference, Mac, Mac Pro, Vision, MacBook, Apple MacBook, MacBook Air, Apple Apple, Apple Mac

☆ Factbox: Turkey's new government: key figures in Erdogan's cabinet
▼ + stars: | 2023-06-03 | by ( ) www.reuters.com time to read: +3 min

Following are descriptions of key figures in the cabinet:MEHMET SIMSEK - FINANCE MINISTERFormer economy chief Simsek has been appointed as treasury and finance minister. He was highly regarded by financial markets when he served as finance minister and deputy prime minister between 2009 and 2018. HAKAN FIDAN - FOREIGN MINISTERFidan was appointed as foreign minister, replacing Mevlut Cavusoglu, who was one of the longest serving top Turkish diplomats. ALI YERLIKAYA - INTERIOR MINISTERAli Yerlikaya was appointed as interior minister and replaced Suleyman Soylu, who kept his position since 2018. Yerlikaya, 55, served as governor of provinces of Gaziantep, Tekirdag, Agri and Sirnak before.

Persons: Tayyip Erdogan, MEHMET SIMSEK, Simsek, Merrill Lynch, HAKAN FIDAN, Fidan, Mevlut Cavusoglu, Erdogan, YASAR, Yasar Guler, Hulusi Akar, CEVDET YILMAZ, Cevdet Yilmaz, Ali Yerlikaya, Suleyman Soylu, Yerlikaya, Burcu Karakas, Huseyin Hayatsever, Jonathan Spicer Organizations: FINANCE, U.S, Embassy, National Intelligence Organisation, MIT, Turkish Army, Turkish Development and Cooperation Agency, Kurdistan Workers Party, AK, Turkish, Commission, ALI, Ece Toksabay, Thomson Locations: ANKARA, Ankara, Oslo, Syria, Iraq, Istanbul, Yerlikaya, Gaziantep, Tekirdag

☆ 'Succession' is over, so now what?
▼ + stars: | 2023-06-03 | by ( Lisa Respers France | ) edition.cnn.com time to read: +4 min

Viewers of “Succession” are mourning as the series came to a dramatic close after four seasons, leaving Sunday nights with an empty space to fill. If you loved “Succession,” here are just a few other shows you might enjoy. HBO Max“The Righteous Gemstones”(From left) Edi Patterson, Danny McBride and Adam Devine in "The Righteous Gemstones." “The Righteous Gemstones” is streaming on Max, which is owned on CNN’s parent company. Jeff Neumann/ShowtimeAnother drama similar to “Succession,” “Billions” will also give you your rich-people-behaving-badly fix.

Persons: Roy, HBO Max “, Patterson, Danny McBride, Adam Devine, Ryan Green, it’s, “, Paul Giamatti, Chuck Rhoades, Corey Stoll, Michael, Mike, Prince, Jeff Neumann, ”, Damian Lewis, Bobby Axelrod, Kevin Costner, Kevin Lynch, Dutton, … Sia, Christopher Polk, Sia, I’ve, ’ ”, Count, Maddie Ziegler, Marcelo Hernandez, Taylor Hawkins, Can’t, … Wanda Sykes, Wanda Sykes, I’m Organizations: CNN, HBO, Showtime, Justice Department, Paramount, Yellowstone, Paramount Network, Dolby Theatre, NBC, NBCU, Bank, Getty, Singer, “, Foo, Lollapalooza, Parque Bicentenario Cerrillos, Foo Fighters, Netflix Locations: Yellowstone, “, ”, Montana, Los Angeles , California, Lollapalooza Chile, Santiago , Chile, America

Three major chemical companies on Friday said they would pay more than $1 billion to settle the first in a wave of claims that they and other companies contaminated drinking water across the country with so-called forever chemicals that have been linked to cancer and other illnesses. The companies — Chemours, DuPont and Corteva — said they had reached an agreement in principle to set up a $1.19 billion fund to help remove toxic perfluoroalkyl and polyfluoroalkyl substances, or PFAS, from public drinking water systems. Bloomberg News also reported on Friday that 3M had reached a tentative deal worth “at least $10 billion” with U.S. cities and towns to resolve related PFAS claims. Sean Lynch, a spokesman for 3M, declined to comment on the report, which cited people familiar with the deal without naming them. They have sought billions of dollars in damages to deal with the health impacts and the cost of cleaning up and monitoring polluted sites.

Persons: —, Corteva —, “, Sean Lynch Organizations: DuPont, Bloomberg News, 3M

☆ More Oath Keepers convicted of sedition in US Capitol attack face sentencing
▼ + stars: | 2023-06-01 | by ( Sarah N. Lynch | Thomson Reuters | Sarah N. Lynch Is The Lead Reporter For Reuters Covering The U.S. Justice Department Out Of Washington | ) www.reuters.com time to read: +4 min

Federal prosecutors are asking U.S. District Judge Amit Mehta to sentence Roberto Minuta and Edward Vallejo to 17 years in prison each after they were convicted in January alongside two other Oath Keepers members. If the judge follows that recommendation, those would be the second-longest sentences for any of the 1,000-plus people charged in the Capitol attack that was intended to block Congress from certifying Democrat Joe Biden's November 2020 election victory over the Republican Trump. Oath Keepers founder Stewart Rhodes, convicted in November of seditious conspiracy and other charges, was sentenced by Mehta last week to 18 years in prison, the longest of any of the sentences. Prosecutors said he stayed at a suburban Virginia hotel where the Oath Keepers had staged a "quick reaction force" and stashed firearms to be quickly ferried into Washington if needed. Joseph Hackett and David Moerschel, co-defendants in the trial in which Minuta and Vallejo were convicted - are due to be sentenced on Friday.

Persons: Donald Trump's, Judge Amit Mehta, Roberto Minuta, Edward Vallejo, Joe Biden's, Republican Trump, Stewart Rhodes, Mehta, Rhodes, Trump, Roger Stone, Minuta, Vallejo, Prosecutors, William Shipley, Matthew Peed, Peed, al, Joseph Hackett, David Moerschel, Hackett, Sarah N, Lynch, Will Dunham Organizations: U.S, Capitol, Republican, Minuta, World Trade, Moerschel, Thomson Locations: United States, Virginia, Washington, Vallejo, Minuta

☆ Two Oath Keepers convicted of sedition in US Capitol attack sentenced to prison
▼ + stars: | 2023-06-01 | by ( Sarah N. Lynch | Thomson Reuters | Sarah N. Lynch Is The Lead Reporter For Reuters Covering The U.S. Justice Department Out Of Washington | ) www.reuters.com time to read: +4 min

Prosecutors said he stayed at a suburban Virginia hotel where the Oath Keepers had staged a "quick reaction force" and stashed firearms to be quickly ferried into Washington if needed. Mehta also ordered Vallejo to serve a year of home confinement after his prison term during a three-year period of supervised release. Minuta told the judge he has since disavowed the Oath Keepers and feels "repulsed" by the lack of remorse shown by Rhodes. In addition to Rhodes, three other co-defendants were sentenced last week to between four and 12 years in prison. Joseph Hackett and David Moerschel, co-defendants in the trial in which Minuta and Vallejo were convicted - are due to be sentenced on Friday.

Persons: Donald Trump's, Judge Amit Mehta, Roberto Minuta, Edward Vallejo, Mehta, Stewart Rhodes, Vallejo, Prosecutors, Minuta, I'm, Trump, Roger Stone, Rhodes . Rhodes, Joe Biden's, Rhodes, Joseph Hackett, David Moerschel, Hackett, Sarah N, Lynch, Will Dunham, Mark Porter Organizations: U.S, Capitol, Vallejo, Republican Trump, Moerschel, Thomson Locations: United States, Virginia, Washington, Minuta

Motorola announced its new Razr and Razr Plus foldable phones on June 1. Motorola's Razr Plus fixes my biggest issue with clamshell-style foldable phonesThe Razr Plus doesn't have the bottom lip that the previous model had, which makes for a cleaner look. Now, the Razr and Razr Plus have a modern clamshell design, where both halves are identical and flat. Motorola's standard Razr could be the most affordable foldable phone you can buyThe standard Razr also lacks the bottom lip of the previous Razr iteration for a cleaner overall look. Motorola Razr and Razr Plus specs

Persons: Antonio Villas, I'm, Villas, Sage, that's, You'll, That's Organizations: Motorola, Spectrum Mobile, Google, Optimum, Boas, Qualcomm, Samsung Galaxy, Samsung, Motorola hasn't, preorder Locations: 165Hz, 144Hz

☆ Greg Fleming's Rockefeller strategic-advisory team defies dealmaking drought thanks to this rich family
▼ + stars: | 2023-05-31 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +4 min

The wealth manager's CEO Greg Fleming has deep ties to the Desmarais family behind the insurer. In the midst of a dealmaking lull, Rockefeller Capital Management can add another billion-dollar advisory deal to its resume. Advised by the five-year-old firm, Canadian insurer Great-West Lifeco is selling asset management subsidiary Putnam Investments to Franklin Templeton, the firms announced today. Since Fleming launched Rockefeller, born out of the Standard Oil heirs' family office, Great-West Lifeco has consistently sought the firm's services. The Rockefeller family also increased its stake by an undisclosed amount.

Persons: Rockefeller, Franklin Templeton, Greg Fleming, Lifeco, Morgan Stanley, Merrill Lynch, Jim Ratigan, Stephen Valentino, Fleming, Paul Desmarais Jr Organizations: Rockefeller Capital Management, Putnam Investments, Pitchbook, Wall Street, Deutsche Bank . Rockefeller, Standard, Rockefeller, Power Corporation of Canada, Viking Global, Bank of America

☆ Buy on volatility, says BofA's Marci McGregor
▼ + stars: | 2023-05-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBuy on volatility, says BofA's Marci McGregorMarci McGregor of Bank of America and Merrill Lynch, joins 'Closing Bell' to offer her market forecast and the A.I.

Persons: BofA's Marci McGregor Marci McGregor, Merrill Lynch Organizations: Bank of America

☆ 529 college savings plans took a hit last year: How to protect your money with more volatility ahead
▼ + stars: | 2023-05-29 | by ( Jessica Dickler | ) www.cnbc.com time to read: +2 min

watch nowAdvantages of a 529 planOverall, there are many advantages to a 529 plan. A few states also offer additional benefits, such as scholarships or matching grants, to their residents if they invest in their home state's 529 plan. Further, you can now put some of the funds toward your student loan tab: up to $10,000 for each plan beneficiary, as well as another $10,000 for each of the beneficiary's siblings. And starting in 2024, savers can roll money from 529 plans over to Roth individual retirement accounts free of income tax or tax penalties. Still, the time horizon for college is much shorter compared with most retirement savings accounts, he added.

☆ Famed economist David Rosenberg says home prices are set to fall further as buyers retreat to the sidelines and a hawkish Fed means stubbornly high mortgage rates
▼ + stars: | 2023-05-26 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

With mortgage rates unlikely to budge and incomes unlikely to grow, prices are due to drop. Housing affordability is calculated by accounting for three variables: home prices, mortgage rates, and incomes. Ian Shepherdson, the chief economist at Pantheon Macroeconomics who said in the 2005 that a housing downturn would spark a recession, made the same argument in recent weeks. Now that's quite striking because mortgage rates are no longer at peak, but applications are still falling. This would send interest rates — and therefore mortgage rates, which trade closely with Treasury rates — higher, further hurting demand and affordability, Moody's Chief Economist Mark Zandi recently told Fortune.

U.S. District Judge Amit Mehta on Friday sentenced Harrelson to four years in prison. Earlier on Friday, the judge imposed a prison sentence of eight and a half years for Watkins. Members of the Oath Keepers, founded in 2009, include current and retired U.S. military personnel, law enforcement officers and first responders. Some of the Oath Keepers, including Watkins and Harrelson, breached the Capitol, a few clad in paramilitary gear. Four other Oath Keepers members convicted of seditious conspiracy in a second trial are due to be sentenced next week.

☆ 'Price bubble' in A.I. stocks will wreck rally, economist David Rosenberg predicts
▼ + stars: | 2023-05-25 | by ( Stephanie Landsman | ) www.cnbc.com time to read: +2 min

Economist David Rosenberg, a bear known for his contrarian views, believes enthusiasm surrounding AI has become a major distraction from recession risks. "No question that we have a price bubble," the Rosenberg Research president told CNBC's "Fast Money" on Thursday. "[This] looks very weird," said Rosenberg, who served as Merrill Lynch's chief North American economist from 2002 to 2009. Just seven mega-caps have accounted for 90% of this year's price performance," Rosenberg wrote. While mega cap tech outperforms, Rosenberg sees ominous trading activity in banks , consumer discretionary stocks and transports .

Persons: David Rosenberg, CNBC's, Rosenberg, Merrill Lynch's, Jensen Huang Organizations: Rosenberg Research, Nasdaq, Nvidia, Microsoft

☆ Kenneth Anger, 96, Dies; Experimental Filmmaker Left a Pop Culture Legacy
▼ + stars: | 2023-05-24 | by ( Dennis Lim | ) www.nytimes.com time to read: +1 min

His death, at an assisted living center, was confirmed on Wednesday by Spencer Glesby, a spokesman for Sprüth Magers, a gallery that has represented Mr. Anger since 2009. He said an announcement of the death had been delayed while matters involving Mr. Anger’s estate were being put in order. Mr. Anger embodied the love-hate relationship between underground art and mass culture. Few other avant-garde filmmakers borrowed so liberally or so subversively from popular iconography. And with his sensuous, mystical imagery and pioneering use of pop soundtracks, perhaps none saw their work so readily absorbed back into the mainstream.

Under his leadership, Morgan Stanley became a wealth management powerhouse that aims to manage $10 trillion in assets. Morgan Stanley bought money manager Eaton Vance, online broker E*Trade, and stock-plan manager Solium Capital under Gorman's leadership. He was also the key architect behind Morgan Stanley's purchase of Smith Barney, a brokerage and investment adviser, in 2009. The acquisitions have made Morgan Stanley's U.S. wealth business an "asset gathering monster," and a "killer machine," he said on an earnings conference call last month. "This structure will ensure the continued stability of Morgan Stanley, while at the same time positioning it for a decade of exciting growth under new leadership."

☆ Factbox: Morgan Stanley's three potential CEO candidates
▼ + stars: | 2023-05-19 | by ( ) www.reuters.com time to read: +2 min

May 19 (Reuters) - Morgan Stanley (MS.N) will likely appoint its next CEO in the next 12 months, its current Chief Executive James Gorman said on Friday. EDWARD (TED) PICK, 54Ted Pick is co-president and head of the institutional securities group at Morgan Stanley. In May, Morgan Stanley said it is looking to resolve an investigation by U.S. regulators. Pick joined Morgan Stanley in 1990 and was promoted to managing director in 2002. He began his career at Morgan Stanley in 1990 and has worked in New York, Tokyo and Hong Kong.

☆ Analysis: US debt ceiling deal could stall safety flight fueling megacap rally
▼ + stars: | 2023-05-19 | by ( David Randall | ) www.reuters.com time to read: +5 min

Their rally has been responsible for all of the 8.3% year-to-date gain in the S&P 500 (.SPX) through Wednesday's close, a Deutsche Bank report showed. A recent survey of global fund managers from BofA Global Research showed that 71% believe a deal to raise the debt ceiling will be reached before the X-date. Excitement over artificial intelligence, which has boosted some megacap names this year, is another factor that could support the category. At the same time, the debt ceiling has been only one of of several worries weighing on the market. Paul Christopher, head of global market strategy at Wells Fargo Investment Institute, expects lawmakers will reach an agreement to extend the debt ceiling through September.

☆ Here are the 2 very different execs in contention to be CEO of Morgan Stanley
▼ + stars: | 2023-05-19 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +6 min

James Gorman announced that he will step down as Morgan Stanley CEO in the next year. The three executives in contention are co-presidents Ted Pick and Andy Saperstein, as well as Dan Simkowitz, head of investment management at Morgan Stanley. Morgan Stanley declined to comment. But the long-time Morgan Stanley executives have distinct leadership styles and backgrounds. Do you work for Morgan Stanley?

WORCESTER, May 19 (Reuters) - A U.S. judge on Friday ordered the Air National Guardsman accused of leaking military secrets to remain in jail as he awaits trial on charges he violated the Espionage Act. Magistrate Judge David Hennessy made the decision after lawyers for Jack Douglas Teixeira, 21, asked for him to be released to house arrest pending trial. Teixeira leaked classified documents to a group of gamers on the messaging app Discord, according to prosecutors. While a low-level airman, Teixeira had broad access to military secrets at the Massachusetts Air National Guard’s 102nd Intelligence Wing, according to U.S. Justice Department lawyers. “I have stuff for Israel, Palestine, Syria, Iran and China,” Teixeira said on social media, according to prosecutors.

☆ Massachusetts US attorney accused of multiple ethics violations
▼ + stars: | 2023-05-17 | by ( Sarah N. Lynch | Thomson Reuters | Sarah N. Lynch Is The Lead Reporter For Reuters Covering The U.S. Justice Department Out Of Washington | ) www.reuters.com time to read: +1 min

WASHINGTON, May 17 (Reuters) - Massachusetts U.S. Attorney Rachael Rollins improperly used her position at the Justice Department to try to influence the outcome of a local district attorney election by leaking negative and non-public information about a political rival, the department's internal watchdog said on Wednesday. That conclusion was among a litany of ethics violations uncovered by Justice Department Inspector General Michael Horowitz in a scathing 161-page investigative report released a day after Rollins announced she would resign her post by Friday. Rollins, the first Black woman to serve as the U.S. attorney in Massachusetts, was appointed by President Joe Biden. She is a prominent figure in the "progressive prosecutor" movement that supports policies designed to eliminate racial disparities in the justice system. Reporting by Sarah N. Lynch and Rami AyyubOur Standards: The Thomson Reuters Trust Principles.

The settlement between BP Products North America Inc., the Justice Department and the Environmental Protection Agency will also require the company to invest approximately $197 million in new technology and other capital improvements to reduce air pollution. The BP refinery near Lake Michigan released nearly 16 times the legal limit of benzene allowed by the Clean Air Act, the EPA said in 2009. Following the EPA's investigation, BP spent about $4 billion to expand the Whiting refinery to process heavy Canadian crude. The company also agreed to undertake a $5 million supplemental environmental project to reduce diesel emissions in the communities surrounding the Whiting Refinery and install 10 air pollutant monitoring stations. Reporting by Sarah N. Lynch and Laura Sanicola in Washington; Editing by Chizu NomiyamaOur Standards: The Thomson Reuters Trust Principles.

WASHINGTON, May 16 (Reuters) - The U.S. Justice Department said on Tuesday that it had charged a former Apple Inc (AAPL.O) engineer with attempting to steal the firm's technology related to autonomous systems, including self-driving cars. The engineer, whom Justice Department officials named as Weibao Wang, 35, in 2017 accepted a U.S.-based job with a Chinese company working to develop self-driving cars before resigning from Apple. Reporting by Sarah N. Lynch, David Shepardson and Rami AyyubOur Standards: The Thomson Reuters Trust Principles.

☆ Massachusetts US attorney to resign amid Justice Dept ethics probe
▼ + stars: | 2023-05-16 | by ( Sarah N. Lynch | Thomson Reuters | Sarah N. Lynch Is The Lead Reporter For Reuters Covering The U.S. Justice Department Out Of Washington | ) www.reuters.com time to read: +4 min

WASHINGTON, May 16 (Reuters) - Massachusetts U.S. Attorney Rachael Rollins will resign her post by Friday, her lawyer said on Tuesday, after the prosecutor became the subject of a wide-ranging ethics investigation by the Justice Department inspector general's office. Bromwich announced her decision to resign her post not long after Rollins met with officials in Washington at the Justice Department on Tuesday. Rollins was narrowly confirmed by the Senate in December 2021 after Vice President Kamala Harris cast the tie-breaking vote. "I warned Democratic senators that Rachael Rollins wasn't only a pro-criminal ideologue, but also had a history of poor judgment and ethical lapses," Cotton said in a statement on Tuesday. U.S. Attorney General Merrick Garland had vowed when he assumed his post as the nation's top law enforcement official to protect the Justice Department from partisan influence.

The department scheduled a press conference for 10:30 a.m. EDT (1430 GMT) to make an announcement regarding the strike force's work but did not provide details. 2 official, said in February that the new group was a joint effort with the U.S. Commerce Department to safeguard American technology from foreign adversaries and other national security threats. Monaco said at the time that the United States would "strike back against adversaries trying to siphon off our most advanced technology, and to attack tomorrow's national security threats today." The strike force includes 14 U.S. attorney offices across the country working to target illicit actors, strengthen supply chains and protect sensitive technologies from being acquired or used by foreign adversaries. The Justice Department in recent years has increased its focus on bringing criminal cases to protect corporate intellectual property, U.S. supply chains and private data about Americans from foreign adversaries, either through cyber attacks, theft or sanctions evasion.

[1/3] An American flag waves outside the U.S. Department of Justice Building in Washington, U.S., December 15, 2020. REUTERS/Al Drago/File PhotoWASHINGTON, May 16 (Reuters) - The U.S. Justice Department said on Tuesday it has charged a former Apple Inc (AAPL.O) engineer with attempting to steal the firm's technology related to autonomous systems, including self-driving cars, and then fleeing to China. Two of the cases involved what Justice Department officials called procurement networks created to help Russia's military and intelligence services obtain sensitive technology. The former Apple engineer, identified as 35-year-old Weibao Wang, formerly resided in Mountain View, California, and was hired by Apple in 2016, according to an April indictment unsealed on Tuesday. After his last day at Apple, the company discovered that he had accessed large amounts of proprietary data in the days before his departure, the Justice Department said.

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